Joshua Burd
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Joshua Burd, an award-winning reporter and editor, has been covering New Jersey commercial real estate for eight years. Many industry leaders view him as the go-to real estate reporter in the state, a role he is eager to continue as the editor of Real Estate NJ. He is a lifelong New Jersey resident who has spent a decade covering the great Garden State.

Residential & Mixed Use
Veris Residential rejects Kushner’s $4.3 billion takeover bid

Veris Residential Inc. has officially rejected Kushner Cos.’ $4.3 billion takeover bid for the Jersey City-based real estate investment trust, the company announced Thursday.

Health Care & Education
New Brunswick cancer hospital tops out, as leaders tout social impact of $750 million project

The future home of the state’s first freestanding cancer hospital is taking shape in downtown New Brunswick, where a crowd of business and political leaders gathered Wednesday to tout the progress of the city’s largest and most impactful development project to date.

Finance & Capital Markets
GreenLake Funds $23 million hotel redevelopment loan in Wildwood Crest

The owner of a 108-room hotel in Wildwood Crest has landed nearly $23 million in financing for a sweeping renovation of the oceanfront property.

Retail
LMC: Tattoo studio opens after inking 750 sq. ft. lease in Somerset

A longtime tattoo artist has opened a new studio in Franklin Township, where it’s leasing 750 square feet under a deal arranged by Levin Management Corp.

Residential & Mixed Use
Hovnanian, Coldwell Banker Realty tout debut of Manalapan active adult community

Hovnanian has opened the first phase of a new active adult community in Manalapan, where it’s marketing a mix of single-family dwellings alongside Coldwell Banker Realty New Homes.

Residential & Mixed Use
Façade, pool renovations underway at 22-story condo building in Union City, Kratchman says

An extensive renovation of a 22-story residential building in Union City is underway, marking the start of a plan to modernize the 56-year-old property over the next several years.

Office
Pharma, life sciences users leading New Jersey office leasing in 2022, JLL finds

From leasing to new construction, pharmaceutical and life sciences firms remained a leading force in New Jersey’s commercial real estate market through the first three quarters of 2022.

Residential & Mixed Use
Magill Real Estate buys 48-unit Elizabeth high-rise for $6.2 million, Kislak says

A local operator has purchased a 48-unit apartment high-rise in Elizabeth for $6.2 million, in a newly completed deal by The Kislak Co. Inc.

Professional Services
Spiro Harrison changes name, adds veteran redevelopment attorneys as partners

Law firm Spiro Harrison has added redevelopment attorneys Brian M. Nelson and Kira S. Dabby, while announcing that it has changed its name to Spiro Harrison & Nelson LLC.

Industrial
NAI Hanson: Online millwork business leases 10,000 sq. ft. at Sparta industrial park

7 Aaron Way in Sparta — Courtesy: NAI James E. Hanson By Tina Traster An online retailer has taken 10,400 square feet of newly built industrial space at the White Lake Commerce Park in Sparta, a broker with NAI James…